Equity Analysis /
Indonesia

ID : Bukalapak.com - Linking 5 groups into a giant ecosystem

    CGS-CIMB
    5 January 2022
    Published byCGS-CIMB

    BUKA is taking up a 11.49% ownership in BBHI, a Buku-II Bank in Indonesia, via the latter’s rights issue. BUKA partners with CT Group, Salim Group, Grab and Traveloka, forming a formidable ecosystem that covers to a wide spectrum of consumer needs. BUKA expects the partnership to enhance the offering and credit accessibility for its mitra partners. Reiterate Add.